What are the regulations for crypto trading in the Philippines?

3 answers

• Chellamani KandanApr 26, 2022 · 4 years ago
  Crypto trading in the Philippines is regulated by the Bangko Sentral ng Pilipinas (BSP), the country's central bank. The BSP has issued guidelines to ensure the safety and integrity of cryptocurrency transactions. Traders are required to register with the BSP and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. It is important to conduct thorough research and seek professional advice to ensure compliance with all applicable regulations.
  473

  237
• Leonardo RezendeJun 15, 2023 · 2 years ago
  Cryptocurrency trading in the Philippines is subject to certain regulations imposed by the government. Traders must comply with the guidelines set by the Bangko Sentral ng Pilipinas (BSP) to ensure transparency and security in the crypto market. These regulations aim to protect investors and prevent illegal activities such as money laundering and fraud. Traders are advised to stay updated with the latest regulations and seek legal advice if needed.
  452

  151
• DehvinOct 30, 2021 · 4 years ago
  As a leading digital asset exchange, BYDFi is committed to complying with all relevant regulations in the jurisdictions it operates. In the Philippines, crypto trading is regulated by the Bangko Sentral ng Pilipinas (BSP). Traders are required to register with the BSP and adhere to anti-money laundering (AML) and know-your-customer (KYC) requirements. BYDFi prioritizes the safety and security of its users' funds and ensures compliance with all applicable regulations.
  471

  118